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Mohan deposited Rs 300 per month in a cumulative deposit for 2 years. The bank pays him Rs 9000 on maturity. Find the rate of interest. [4 MARKS]

Answer» Mohan deposited Rs 300 per month in a cumulative deposit for 2 years. The bank pays him Rs 9000 on maturity. Find the rate of interest.
[4 MARKS]


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